ure groups and leaders: wealthy Macanese and
Chinese representing local interests, wealthy procommunist merchants
representing China's interests; in January 1967 the Macau Government
acceded to Chinese demands that gave China veto power over
administration
International organization participation: CCC, ESCAP (associate),
IMO (associate), Interpol (subbureau), UNESCO (associate), WMO, WToO
(associate), WTrO
Diplomatic representation in the US: none (Chinese territory
under Portuguese administration)
Diplomatic representation from the US: the US has no offices in
Macau, and US interests are monitored by the US Consulate General in
Hong Kong
Flag description: the flag of Portugal is used
Economy
Economy--overview: The economy is based largely on tourism
(including gambling) and textile and fireworks manufacturing.
Efforts to diversify have spawned other small industries--toys,
artificial flowers, and electronics. The tourist sector has
accounted for roughly 25% of GDP, and the clothing industry has
provided about two-thirds of export earnings; the gambling industry
probably represents over 40% of GDP. Macau depends on China for most
of its food, fresh water, and energy imports. Japan and Hong Kong
are the main suppliers of raw materials and capital goods. Macau is
scheduled to revert to Chinese administration on 20 December 1999.
GDP: purchasing power parity--$6.9 billion (1998 est.)
GDP--real growth rate: -0.1% (1998 est.)
GDP--per capita: purchasing power parity?$16,000 (1998 est.)
GDP--composition by sector:
agriculture: 1%
industry: 40%
services: 59% (1997)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 3.5% (1997)
Labor force: 277,676 (1997)
Labor force--by occupation: industry 28%, restaurants and hotels
28%, other services 44%
Unemployment rate: 3.8% (1998 est.)
Budget:
revenues: $1.3 billion
expenditures: $1.07 billion, including capital expenditures of $NA
(1995 est.)
Industries: clothing, textiles, toys, electronics, footwear,
tourism
Industrial production growth rate: NA%
Electricity--production: 1.125 billion kWh (1996)
Electricity--production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1996)
Electricity--consumption: 1.522 billion kWh (1996)
Electricity
|